Fintech News

SEPTEMBER 18, 2024

Over S$250 million was invested in Phase 1 from 2019 to 2022 to enhance key channel systems, enabling faster rollouts of digital features and improving personalization through machine learning and AI. An additional S$300 million is being invested from 2023 to 2025, with a focus on customer-led design and development.

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Fintech Finance

APRIL 25, 2024

EF Explore America , a leading student tour operator within the United States, and Till Financial , a leading family banking platform for kids and teens, have expanded their partnership to now service international trips with EF Educational Tours , providing the same cashless solution leveraged domestically for international student tour offerings.

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The Fintech Times

OCTOBER 25, 2024

Digital payment transactions have also surged, growing by 76 per cent in volume and 91 per cent in value by 2022. For instance, the RBI has set up the National Centre for Financial Education and is expanding Centres for Financial Literacy (CFLs) nationwide to promote financial awareness across demographics.

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Fintech News

DECEMBER 17, 2023

The startup’s last round was a US$200 million investment from Japanese megabank Mitsubishi UFJ Financial Group announced in December 2022. Dana raised US$250 million in VC funding in August 2022 from local conglomerates Sinar Has and Alibaba Group’s Lazada Group to expand in its home country. billion to US$15 billion.

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The Fintech Times

JUNE 24, 2024

The FCA warned stock trading apps to review game-like design features in 2022 ahead of the Consumer Duty’s implementation. The Consumer Duty came into force for open products on 31 July 2023, and will come into force for closed products on 31 July 2024. ” In the first four months of 2021 alone, 1.15

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The Fintech Times

JULY 13, 2024

These developments significantly boosted the popularity of QR code payments in China, where by the end of 2022, over 95 per cent of mobile phone users relied on QR codes as their primary payment method, and more than 50 per cent used them for public transportation fares. This innovation was followed by WeChat’ s similar launch in 2014.

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The Fintech Times

OCTOBER 23, 2024

In addition, only 48 per cent of Timorese adults have a bank account or use a digital financial service. While some cultural trends do influence the persistent dominance of cash-based payments, greater levels of financial education and financial literacy could help close this gap.

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The Fintech Times

OCTOBER 31, 2024

The country has also achieved considerable poverty reduction, with moderate poverty levels dropping from nearly half of the population in 2010 to around 30 per cent by 2022, according to the World Bank. Venture capital interest in Bangladesh’s fintech sector has been on the rise, with investments exceeding $429million in both 2021 and 2022.

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FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models. Frame your financial literacy content accordingly.

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Fintech News

JULY 3, 2024

Tech-savvy population Singapore consistently ranks high in global financial literacy indices. The 2020 Global Financial Literacy Excellence Center report placed Singapore among the top nations in financial literacy.

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FICO

JULY 21, 2022

Continuous Financial Education for Women Small Business Owners. FICO-hosted panel at NAWBO’s 2022 Advocacy Days discusses how financial education impacts access to capital and business growth for small businesses. Thu, 07/21/2022 - 15:30. Tue, 02/18/2020 - 14:57. by Joanne Gaskin. expand_less Back To Top.

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Fintech News

APRIL 3, 2024

It draws on a survey of 114 fintech firms across 17 countries, as well as interviews with leaders from 25 fintech firms, conducted between November 2022 and February 2023. According to the report, digital financial services carry significant potential to advance women’s financial inclusion.

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The Fintech Times

OCTOBER 3, 2024

This includes promoting literacy, eliminating poverty and promoting vibrant financial institutional operations in Papua New Guinea. In 2014, the government set up the National Financial Inclusion and Financial Literacy Strategy. One of the strategies put in place to improve this was in 2022.

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Fintech News

AUGUST 12, 2024

between fiscal year 2022 and fiscal year 2029, and reach US$21.12 Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector. This growth will be supported by improvements in digital and financial literacy, making these investments more accessible to a broader audience.

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Finovate

MARCH 20, 2024

” Founded in 2022, Zone is headquartered in Lagos, Nigeria. At FinovateEurope, FRNZX co-founder and CEO Nevo Lapidot demonstrated how the technology streamlines AML operations from onboarding to monitoring, reporting suspicious activity and helping ensure that financial institutions meet regulatory requirements.

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Fintech News

FEBRUARY 26, 2024

billion in 2022, plus a further plunge to US$39 billion in 2023, as per CB Insights — has seen fintechs in certain regions noting the poor funding outlook as a hindrance to better growth. But the noticeable decline in fintech investment — halved from US$140.8 billion in 2021 to US$77.5 billion in 2021 to US$77.5

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The Fintech Times

JANUARY 2, 2024

per cent in 2022. I noticed how the clients who understood money – had a degree of financial literacy and education – made this work for them. But as I helped the wealthy become wealthier, I wondered what would happen if financial education was accessible to everyone? In H1 2023, only 2.2

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PYMNTS

MAY 10, 2018

There is a predicted increase of 40 percent in the number of merchant outlets accepting card payments from 2016 to 2022. Thanks in part to new regulations and an increase in financial literacy, RBR projects that payment card acceptance will jump to 85 million outlets around the globe by 2022.

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Nanonets

SEPTEMBER 22, 2023

By implementing effective strategies and closely monitoring these components, businesses can optimize cash flow, strengthen vendor and customer relationships, and ultimately improve their overall financial performance.

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FICO

MAY 19, 2023

Topics include Mastering Credit, Credit Scores, Financial Literacy, Financial Wellness, Managing Debt, and Home Ownership. Since the launch of the FICO® Score Display in February 2022, over 167,000 Prosper borrowers have utilized this feature, while Prosper’s informative blog articles receive over 25,000 monthly visits.

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The Fintech Times

MAY 7, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Peruvian financial habits are vastly changing from what they have traditionally been.

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Fintech News

DECEMBER 20, 2023

Project Guardian, led by MAS and industry partners, focuses on testing the feasibility of applications in asset tokenization and decentralized finance (DeFi) while managing risks to financial stability and integrity. The program components include financial literacy and capacity building, access to financing, and expanded trade opportunities.

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FICO

AUGUST 18, 2022

Financial Wellness: How Banks Can Help Their Customers. What can banks do to assist consumers with their financial health – and can this be profitable? Thu, 08/18/2022 - 08:40. Financial wellness is a complex topic with many layers. Can Financial Wellness Be Profitable for Banks? Wed, 09/09/2020 - 15:36.

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Fintech News

OCTOBER 28, 2024

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs.

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EBizCharge

OCTOBER 17, 2023

In 2022 alone, the Automated Clearing House (ACH) Network processed over 30 billion transactions , totaling more than $76 trillion. In addition to common reasons for returns, it’s also good to familiarize yourself with how these returns work since understanding this process will expand your financial literacy.

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Fintech Labs Insights

AUGUST 22, 2024

for its financial education platform targeting women, growing steadily with high user engagement. Fall 2022 (New York): Debbie: Raised $2.7M, continued expansion in automated financial services for personal finance management. Meniga: Financial management and customer engagement solutions, expanded into new European markets.

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The Fintech Times

JANUARY 6, 2024

Particularly since the release of OpenAI ‘s ChatGPT at the back-end of 2022, the world has sat up and taken notice of the potential of artificial intelligence (AI) to disrupt all industries in countless ways. “Regarding the payment sector, AI’s expansion in various industries suggests its impending prominence.

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Tearsheet

FEBRUARY 8, 2024

China introduced its CBDC to the world at the Olympic Games in February 2022. Accommodations will also be required for the unbanked, those without smartphones or home internet access, and those with limited financial literacy. Political realities also have hampered adoption.

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